Why a Growing Economy Doesn't Ensure a Rising Mark

This transcript has been automatically generated and may not be 100% accurate.

I ... and yes the row Barron's online ... your Oscar Schafer ... chairman of the review at Capital and of course it was ... a member of the Barron's Roundtable ... OS treatments really interesting with the discussion today one of them I think it is not widely understood it almost as anti intuitive ... of the relationship or lack thereof between GDP and stock performance if you want ... well if you look back historically ... the growth in the economy of our GDP is the color ... and the stock markets around the world historically have not been urban core ... last year for example I don't think Greece's economy did so well ... the stock market did spectacularly ... China if you can believe the numbers the GDP did quite well ... and until the ... December the market was basically now ... so I don't think when people talk about what the growth is going to be out of the Guinness serve leads to what the stock market will be given to grow ... so in a case where ... well obviously earnings ... but also the flow of funds a lot to do it ... op one of things I said before once ... people don't talk about stocks anyone cut imports ... they use to talk about ten to fifteen years the dough and people have Norges stocks ... the backlash is using Fusion flow into ... bond mutual funds and say ETS ... out of stocks ... the first month the first week of this year there was a big inflow stocks ... we don't continue ... interest rates can go down much unleashed are going ... up the bond prices will start going down ... having people who would get in bonds ... for safety will see their capital the depreciate ... they will be risk ... on risk rebuild the risk ... at that ... and that they don't own the stock market the paint tray that ... this year two thousand thirteen ... will be up ... well it's can be very good music ... drivers continue not to give the stock ... it will be good for my car like it so in this environment I can you give us the specific investment is the long ... bus and you mention parents ... homage to the car rental company ... and that's hurts ... I think what has happened in the ... red car rental business with the ... consolidation of the car rental business will be the much ... beneficial to Hertz purchased for Dollar Thrifty ... dollar Thrifty has a huge business on weekend and holiday travel ... and Hertz is business ... so Chris can consolidate athletes ... and pleads that they're using during the week and call Dollar Thrifty ... on the weekend of the great consolidation of the industry ... and the consolidation these two companies I think will make ... her it's a very good stuff ... I wasn't as good as ... longer talking rental cars and and and buying other companies putting ... the Avis deal ... to buy the car ... well I think it puts the car and there are a mystery I think that covers my curse were to put his car ... out of business and frankly it's the exact same thing ... Kreskin utilize the Zipcar fleet for of all time ... we can't exactly ... this typing so a recent piece of the